Paris is known as the romantic getaway of choice in all of Europe by many people. The city has long been an attractive spot for property investors due to the central Europe location as well as its popularity. It made for easy rental or long term letting.
However, cracks are now starting to appear in the city’s property market. Turnovers are on the downturn and property prices have stopped climbing which is concern for many. After the catastrophic turn of events in fellow Eurozone countries like Ireland and Spain, home owners can’t be blamed for worrying about their future.
Reports from the FT of a market slowdown have been confirmed by Parisian real estate agents. These guys know their market and if they are showing concerns, perhaps they do carry validity indeed.
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Sunday’s Formula 1 race at Magny-Cour saw again plenty of action. Felipe Massa who trailed his team mate Kimi Raikkonen for the first 38 rounds managed to snatch the lead after Raikkonen experienced exhaust troubles. However, nobody else got close enough to pose a serious threat for the Ferrari team. As a result they snatched the podium once again just like they did in the Bahrain race.
- Felipe Massa (Ferrari)
- Kimi Raikkonen (Ferrari)
- Jarno Trulli (Toyota)
This double win ensured a widening gap between leading team Ferrari and hot on the heels team BMW Sauber. Right now, Ferrari is leading with 91 Championship points over BMW Sauber with 74 points.
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France seems to power on, in the international property power struggle on who keeps their heads afloat and who doesn’t. While markets like Spain and Vietnam collapse, France is stronger than ever. The strong Euro doesn’t seem to deter Brits from investing in France’s wide range of affordable properties.
Some put this down to the obvious transparency of France as a real estate market, others reckon that living in France is just unbeatable for value. With property prices on the rise since the early new century, markets have seen a strong growth all the while.
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Thursday, September 25th, 2008 
Posted by OP-Mall in 
